BNP Paribas Securities Services is to acquire Prime Fund Services (PFS), a provider of fund administration, custody and banking solutions for alternative investment managers, from Credit Suisse. The move is part of BNP Paribas Securities Services’ strategy to develop its
Neuberger Berman is to purchase Ramius’ interest in Orchard Square Partners, which manages a global long/short credit investment strategy with approximately USD475 million in client assets. Orchard Square Partners is led by four senior investment professionals, Norman Milner, Rick Dowdle,
BGC Partners intends to commence a tender offer to acquire all of the outstanding shares of GFI Group for USD5.25 per share in cash in a transaction valued at approximately USD675 million. BGC currently owns approximately 13.5 per cent of
Man Group has completed the acquisition of Numeric Holdings, a privately-owned, Boston-based quantitative equity manager with USD14.7 billion of funds under management. Manny Roman, chief executive officer of Man, says: “We are delighted to announce the completion of the acquisition
The partners of Bedell Cristin have announced a plan to merge with Cayman-based law firm, Solomon Harris. It is hoped that the deal will complete by the end of August, and Solomon Harris will rebrand as Bedell Cristin at a
IHS Markit, a specialist in critical information, analytics and solutions, has completed its USD1.855 billion acquisition of Ipreo, a financial services solutions and data provider. Previously, IHS Markit had announced its intent to acquire Ipreo from private equity funds managed by
JTC, a provider of fund, corporate and private wealth services to institutional and private clients, is to acquire Van Doorn from International Capital Group BV. Van Doorn is a specialist provider of corporate and related fiduciary services based in Amsterdam,
Drawbridge Partners, a cybersecurity consulting firm specialising in the needs of hedge fund and private equity managers, has acquired inCyber Security, inCyber Compliance’s consultancy division. The acquisition gives Drawbridge Partners a portfolio of high-profile and long-term clients as the firm
Refinitiv has signed a definitive agreement to acquire AlphaDesk, a cloud-based Order Management System (OMS) that offers order and portfolio management, risk, and compliance solutions for buy-side clients. Refinitiv currently offers pre-trade data and analytics via its flagship financial platform
Regulatory compliance consulting firm, Argus Global has fully integrated two business acquisitions: Ace Success, a Singapore based secretarial, accounting and tax practices company; and Argus Compliance India Private Limited, a subsidiary company, based in India, offering a multi-disciplinary and comprehensive
